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Advice from L and C-is this correct?
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Posts: 6 Forumite
I have just spoken to an advisor at London and Country re mortgage after dmp. He said we would have to wait at least 2 yrs until anyone so much as looked at us.
He didn't ask anything about equity, ltv or income. After reading Kensingtons lending criteria this says different to the advice I was given. Does anyone know with regards to this?
Many thanks.
He didn't ask anything about equity, ltv or income. After reading Kensingtons lending criteria this says different to the advice I was given. Does anyone know with regards to this?
Many thanks.
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Comments
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Kensington will consider... definitely not a guarantee.
There are some lenders who will look at this depending on th LTV.
L&C are mainstream fee free brokers, they want nice easy cases that will not cause any issues.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
A lot depends on how much the DMP has 'trashed' your file.
ACG is right in that your type of case does not seem to be the kind of thing L&C are interested in.
Speak to a broker who specialises in bad credit cases.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Further to ANMBLOGs post.. be prepared to pay that sort of adviser a fee! It takes time and effort to get it through.
L&C don't charge so pick up the easy cases. Anything remotely time consuming beyond the norm is generally moved on by them.I am a Mortgage Adviser. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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